Daily Insurance Industry News
Daily Insurance Industry News
Saturday 20th of January 2018
April 27, 2012

Willis reports improved Q1 results

by Richard Kilner

Story link: Willis reports improved Q1 results

Global insurance broker Willis Group Holdings plc has reported that in the first quarter of 2012 it made net income from continuing operations of $225m, equating to $1.28 per diluted share.

This is many times better than the $35m net income ($0.20 per diluted share) the firm made in the corresponding period last year.

It is also greatly improved on the immediately preceding quarter (Q4 2011) when the firm made $39m, equating to $0.22 per diluted share.

Total reported revenues were more or less flat, rising marginally from $1,007m last year to $1,013m in Q1 2012.

Chairman and Chief Executive Officer Joe Plumeri said that growth was led by the Global segment, which continues to grow well.

Plumeri described the quarterly results as encouraging, and attributed them to the significant efforts made throughout the firm.


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